Saba Capital Management, L.P. - listed as a ten-percent owner of Ellsworth Growth & Income Fund Ltd (NYSE: ECF) - reported the sale of 20,663 common shares executed over two sessions on February 17 and 18, 2026. The total proceeds from those trades amounted to $251,504, with per-share prices spanning $12.16 to $12.20.
On February 17, Saba Capital sold 6,072 shares at $12.20 per share. After that disposal, the filing shows the firm’s remaining position stood at 1,618,864 shares. The following day, February 18, Saba Capital sold an additional 14,591 shares at $12.16 per share, bringing the firm’s holding down to 1,604,273 shares.
The sales were recorded in a Form 4 submitted to the Securities and Exchange Commission and dated February 19, 2026. The filing was signed by Zachary Gindes on behalf of Saba Capital Management, L.P., and also bears the signature of Boaz Weinstein.
Ellsworth Growth & Income Fund retains characteristics that can appeal to income-focused investors. The fund’s dividend yield is reported at 6.27%, and it maintains a 41-year streak of consecutive dividend payments. Additional valuation and health indicators cited in the filing note a price-to-earnings ratio of 3.54 and a "GREAT" financial health score, as reported by InvestingPro.
While the transactions reduced Saba Capital’s share count slightly, the fund’s publicly disclosed yield and long dividend history remain part of the investor-facing metrics described in the filing. The Form 4 provides the statutory disclosure of the trades, the changing ownership levels, and the names of the signatories who reported the transactions to the SEC.
Summary
Saba Capital Management sold 20,663 shares of ECF across two trades on February 17-18, 2026, for $251,504. The moves were reported on a Form 4 filed with the SEC on February 19, 2026, and left Saba Capital with 1,604,273 shares. ECF is presented with a 6.27% dividend yield and a 41-year record of consecutive dividend payments; additional metrics include a P/E of 3.54 and an InvestingPro financial health score of "GREAT."